Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s number are in brackets). For the past 7 days:
New Listings: 329 (309, 384, 296)
# Sales: 157 (188, 194, 119)
Ratio: 48% (61%, 51%, 40%)
# Price Changes: 110 (99, 113, 81)
# Expired/Off Market Listings: 228 (93, 187, 120)
Net loss/gain in listings this week: -56 (28, 3, 57)
Active single family home listings: 1686 (1700, 1677, 1632)
Active condo listings: 1263 (1265, 1229, 1227)
Homes 4-week running average: $387k ($379k, $375k, $388k)
Condos 4-week running average: $217k ($212k, $201k, $227k)
Today is a double whammy with both weekly and monthly stats, so I’ll keep this short and get to work on the monthly numbers… Sales cooled off a little this week, but I expect that is temporary as there are a lot of pending deals at the moment. Average prices appear to be rebounding quickly after the sudden drop a couple of weeks ago – both condos and single family homes are now higher than they were a year ago.
Have a great weekend!